Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Reliance Steel (RS)
Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto Limited (RTNTF) and Reliance Steel (RS).
Rio Tinto Limited (RTNTF)
Morgan Stanley analyst Alain Gabriel maintained a Sell rating on Rio Tinto Limited on October 22 and set a price target of A$146.00. The company’s shares closed last Friday at $101.00.
Gabriel has an average return of
According to TipRanks.com, Gabriel is ranked #460 out of 12539 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $120.54 average price target.
See today’s best-performing stocks on TipRanks >>
Reliance Steel (RS)
In a report issued on October 23, Richard Garchitorena from Barclays maintained a Hold rating on Reliance Steel, with a price target of $445.00. The company’s shares closed last Friday at $415.62.
According to TipRanks.com, Garchitorena is a 4-star analyst with an average return of
Reliance Steel has an analyst consensus of Hold, with a price target consensus of $415.75, a -1.4% downside from current levels. In a report issued on October 9, J.P. Morgan also assigned a Hold rating to the stock with a $400.00 price target.
Read More on RTNTF:
Disclaimer & DisclosureReport an Issue
- Rio Tinto commits $1.9bn to Queensland bauxite expansion at Kangwinan
- Rio Tinto Discloses Executive Dealings Under Global and UK Employee Share Plans
- Rio Tinto builds momentum with Q3 output gains and $2bn capital release
- Rio Tinto Reports Lapse of 185,896 Conditional Share Rights
- Rio Tinto Issues New Shares Following Conversion of Unquoted Securities
